Red Hat CEO, CFO Sell $950,000 in Stock

CEO James M. Whitehurst and CFO Charles E. Peters sold after Christmas.

Two top insiders at open-source software giant Red Hat saw a green light for selling on Dec. 26, disposing a total of 17,738 shares for $950,027.

Chief Executive James M. Whitehurst sold 12,378 shares of Red Hat (ticker: RHT) for $679,827, an average of $53.37 each, reducing his direct holdings to 260,885 shares, a stake of less than 1%. Whitehurst's most recent previous transaction was on Nov. 5 when he exercised options and sold...